Friday, 1 February 2019

Will a Global Downshift in Monetary Policy Prop Stocks, Risk Trends?

Following the Fed’s signal that it was shifting to a path of ‘patience’, the market raised efforts to chase the same risk-leaning assets it had attached to complacency in years’ past. Yet, push comes to shove, there is little room to effect a financial and economic save.


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S&P 500 Marches on as Fed Caves on Policy Tightening

Markets had expected a dovish FOMC meeting and that is exactly what they got, with Powell and Co. not only providing a dovish signal but going one step further.


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USD/JPY Forecast: Post-NFP Rebound at Risk on More Dovish Fed Rhetoric

The USD/JPY flash-crash rebound may continue to unravel over the coming days as the Federal Reserve drops the hawkish forward-guidance for monetary.


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USD and S&P500 Jump on ISM Manufacturing Beat

Stocks and the US Dollar are marching higher after the ISM Manufacturing Index for January beat expectations.


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GBP Underperforms, NFP Fails to Support USD - US Market Open

GBP underperforms amid EURGBP buying and soft Mfg. PMI, while USD fails to find support from NFP, eyes on US ISM Mfg.


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US Dollar Sideways as January Jobs Report Paints Mixed Picture

The impact of the US government shutdown is still up for debate; traders have little faith in the data.


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Post-Fed USD Weakness to Persist on Slowing U.S. Non-Farm Payrolls (NFP)

Updates to the U.S. Non-Farm Payrolls (NFP) report may do little to boost the appeal of the U.S. dollar as the economy is anticipated to add 165K jobs in January.


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Charts for Next Week: USD/CAD, AUD/USD, Gold Price, Dow Jones & More

USD/CAD is running lower into support, AUD/USD higher into resistance, gold price extended, while the Dow battles at important confluent resistance.


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Bitcoin (BTC) Price May Re-Test Recent Multi-Month Low

Bitcoin remains in a tight trading pattern and if history is anything to go by another fall is possible in the coming weeks.


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GBPUSD Bulls Dented as Risks Imply Manufacturing Sector Recession

GBP Drops as Manufacturing PMI misses, while IHS see clear risk of manufacturing sector recession. GBPUSD tests key 200DMA .


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FTSE Chart Analysis – Trading at Confluence of Resistance

The FTSE has been generally undergoing see-saw price action, can a higher low forge into a higher high or will resistance keep a lid on further upside?


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Euro at Risk on CPI, Dollar and Yen May Rise on US Data

The Euro may fall further as soft inflation data cools ECB policy bets. The Dollar and Japanese Yen may rise as US economic data cools risk appetite.


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Thursday, 31 January 2019

Risk Trends Rise with Equities as Facebook and Amazon Earnings Beat

Earnings are playing an opportune role to support pre-existing bullish appetite. Facebook offered fuel Thursday and now Amazon can take the baton if bulls are still in charge. Meanwhile EURUSD will shift focus from Italian GDP to US NFPs.


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Asian Stocks Mixed On Trade Hopes, Weak China Data. Payrolls Eyed

Local equity faced opposing forces as the week bowed out, with hopes for a US/China trade settlement pulling on way, and woeful Chinese manufacturing data the other


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NZD/USD Technical Analysis: Rally Fades, 18-Year Support at Risk

The New Zealand Dollar looks set to extend a Fed-inspired advance to challenge December’s swing top, with a break opening the door for a rise above the 0.70 figure.


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Crude Oil and Gold Prices May Retreat on Upbeat US Jobs, ISM Data

Crude oil and gold prices may retreat from recent highs if January’s US labor-market data and the manufacturing ISM gauge top analysts’ forecasts.


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How Much More Can S&P 500 Rise, USD Fall after Very Cautious Fed?

What does it mean for financial markets if the US economy maintains its healthy pace while external headwinds noted by the Fed abate? The S&P 500 may be running out of room to rally.


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USD/NOK Trading Outlook: Short Term Bearish, Long Term Bullish

The US Dollar has been falling relative to the Norwegian Krone which has pushed USD/NOK down close to the March support line. Long-term fundamentals suggest a possible rise in the pair.


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EUR/GBP Technical Analysis: January Losses May Be Trimmed Next

A bullish reversal pattern threatens to erase the downside progress EUR/GBP made. Resistance is eyed at 0.87637 while a rising support line may stop attempts to resume declines.


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AUD/USD Falls After China Caixin PMI Falls Short of Expectations

AUD/USD fell after China’s Caixin PMI undershot forecasts and was the fastest contraction since February 2016. Markets are eyeing trade war negotiations between Beijing and Washington.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...